November 21, 2016 / 12:16 PM / 3 years ago

CFPB can pursue middleman for payday lenders, federal judge rules

The Consumer Financial Protection Bureau can pursue a lawsuit against a California company that acts as a middleman to find customers for payday lenders, a federal judge in Los Angeles ruled.

In a decision Thursday, U.S. District Judge Philip Gutierrez rebuffed arguments by T3Leads that it is not liable for allegedly abusive consumer practices under federal law because it is only a support company and does not make loans.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2fKcyLk

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